Demand rise, yield eases on Hungary's 12-month T-bills.

By bne IntelliNews February 3, 2012
Hungary's state debt manager AKK raised the originally planned amount of twelve-month treasury bills by HUF 5bn and sold HUF 50bn (EUR 170.9mn) of the notes due to high demand, the authority said on its website. Received bids totalled HUF 98.5bn, the highest level since the middle of September 2011. The average yield dropped by 34bps from the previous auction a couple of weeks ago to 7.85%, which is also 8bps below the secondary benchmark fixing. The range of yields narrowed and varied from 7.77% to 7.89%.
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